Kingswood Capital Management Completes Investment In Turbo Wholesale Tires, Providing Capital For Further Growth
Kingswood Capital Management Completes Investment In Turbo Wholesale Tires, Providing Capital For Further Growth
11/01/22, 1:03 PM
Location
irwindaleIndustry
automotive
manufacturing
Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has completed an investment in Turbo Wholesale Tires ("Turbo" or the "Company"), an industry-leading, designer, supplier, and wholesaler of proprietary and third-party branded tires. Kingswood is partnering with Sarkis Sepetjian and the Sepetjian family, who are retaining significant ownership in the Company and joining Kingswood on the board of directors. Veteran tire executives, Phillip Kane and Larry Jeffries, have been appointed leadership roles at the Company and will serve as Chief Executive Officer and President, respectively.
Company Info
Location
irwindale, california, united states
Additional Info
Since 1983, Turbo has been a trusted tire supplier, leading the industry with a keen focus and understanding of the independent tire dealer. The Company has evolved into a national and international supplier of its proprietary and third-party brands, while continuing to stay true to its service roots. The industry’s proliferation of sizes and specialty fitments has required a broader and deeper inventory commitment by tire suppliers, which Turbo continues to demonstrate. With over a half million square feet of combined warehouse space in the United States, Turbo has the tires its customers need, when they need them. For more information, please refer to the Turbo website at turbotires.net